The Balance of Gold’s Run

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I just got a chart from the folks over at McClellan which is thought-provoking. It shows how, if history is any guide, there are anywhere from one to three years left to gold's bullish run (and/or softness in equities):


That jibes quite nicely with my belief that the bear market will wrap up early in 2013. I think we can all agree that 2012 is going to be a very, very interesting year. I think I'll ponder that a while……